RE: RE: RE: Salman Partners comment - Mac If all gains are withdrawn from the RRSP account then yes, tax implications are reduced in a cash account. Lets say you're in the 40% tax bracket, on $20000 gain , 10000 is taxed at 40% so $4000= 20% overall, If the 20000 was in an RRSP account and you withdraw all, the bank will hold a certain amount based on the amount withdrawn. Then come income tax time you will pay the difference. In the end you'll be taxed 40% or $8000. BUT don't forget your RRSP contribution gave you about 30 to 35% back come tax return.
If the gain is taking out over time, like it is in RRSP's, then your tax rate can be reduced to 20%, depending on your tax bracket. That's my plan.
I'll get back at least $1500 on the $5000 I spent on MPV shares last week.